PSW extends coverage to Dry Ports in Pakistan
Pakistan Single Window (PSW) has extended the scope of its operations to all dry ports (except Quetta) with effect from May 3, 2023, a move that will further facilitate the…
Occupational safety and health are important for enterprise sustainability: Malik Tahir Javed
Occupational Safety and Health is important for enterprise sustainability and increasing productivity said by Malik Tahir Javed, Chairman EFP Punjab while addressing the Awareness Raising and Capacity Building Workshop for…
SBP and Ministry of Foreign Affairs jointly conducted training program for ASEAN member states
National Institute of Banking and Finance (NIBAF), a subsidiary of State Bank of Pakistan, in collaboration with Ministry of Foreign Affairs organized a 5-day training program on 'Digital Payments Landscape…
To begin the week, the PSX witnessed a range-bound day.
· To begin the week, the PSX witnessed a range-bound day. Following the country's prevailing political upheaval, the benchmark KSE-100 index opened in the negative zone, but managed to close…
PMI’s sustainability strategy takes centre stage in 2022 integrated annual report
Philip Morris International (PMI) has published its 2022 Integrated Annual Report, highlighting progress against its sustainability targets and commitments. The report outlines PMI's continued evolution into a science- and technology-driven…
HBL Microfinance Bank partners with SCO to establish first-ever Software Technology Park in Skardu
HBL Microfinance Bank (HBL MfB) has announced its partnership with Special Communications Organisation (SCO) to establish and operate the first-ever Software Technology Park (STP) in Skardu, Gilgit-Baltistan. HBL Microfinance Bank…
Ufone 4G and Pakistan Polio Programme join hands for Polio eradication in country
Ufone 4G, a Pakistani Telecommunication company has embarked on a shared initiative with the Polio Eradication Initiative (PEI) in Pakistan to raise awareness amongst the citizens regarding the importance of…
Oil and coal prices are falling.
· Crude prices have remained relatively volatile, with three consecutive weeks of decline followed by a partial recovery after crashing by as much as 11% b/w April and May'23. ·…
Business people pay tribute to Commerce Minister SM Tanveer.
The business community across Sindh, including Karachi, has paid tribute to Punjab Minister of Industry and Commerce SM Tanveer for identifying the problems of Punjab's business community and struggling to…
The Arts Council of Pakistan organised an exhibition of artworks of art school students at Full Circle Art Gallery.
Arts Council of Pakistan Karachi President Muhammad Ahmad Shah inaugurated the painting exhibition "Silver Lining" by the third-year students of the Art School of Arts Council Karachi (ACIAC) at Gallery…
Pakistan’s weight at ~0.60% in the MSCI FM index
In its latest Semi-Annual Review (SAIR), the MSCI has announced changes in the constituents of its global indices which will be effective from June 01, 2023. • There is no…
PSX outlook for next week, with a review of last week
In a week mired with political uncertainty, the country presently needs additional financing for the successful completion of long standing 9th IMF review whereas Pakistan has assured the IMF it…
Doing business in Pakistan is almost impossible: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum and President of All Karachi Industrial Alliance and former Provincial Minister Mian Zahid Hussain have said that…
ABHI issues Islamic bonds worth PKR 2 billion
ABHI, a growing embedded finance platform in the MENAP region, announces it has made history by issuing Islamic bonds worth PKR 2 billion (US$7.1 million). The bond issue is a…
The IMF’s latest demand is for further interest rate hikes in the country.
· The IMF's latest demand is for further interest rate hikes in the country, with some media sources reporting an increase to as much as 25%. The SBP stated that real…
Systems Limited now has offices in 16 countries.
· After several organic expansions, Systems Limited now has offices in 16 countries. Clients with a revenue contribution of more than US$100k have increased to 191 vs. 129 in CY21,…
Boskalis completes a good first quarter and looks ahead positively
Boskalis concluded a busy and good first quarter. Both revenue and earnings increased compared to Q1 2022 and both major divisions - Dredging & Inland Infra and Offshore Energy -…
The Bulls returned to the PSX today after three consecutive depressive sessions.
· The Bulls returned to the PSX today after three consecutive depressive sessions. The market began in the green as the IMF confirmed that talks between the government and the IMF…
Emirates Group announces 2022-23 results.
The Emirates Group released its 2022-23 Annual Report today, reporting its most profitable year ever due to strong demand across its businesses. Emirates achieved new record profits, a complete turnaround…
The auto sales numbers declined to 4.5K units during Apr’23 (-52% MoM)
During Apr'23, automobile sales in Pakistan experienced a significant decline of 52% MoM | 80% YoY, to 4.5K units, this represents the lowest monthly sales since Covid-19 (Apr'20). This decline…
Pakistan’s total foreign reserves declined to $9.990 billion last week.
The total liquid foreign reserves held by the country stood at US$ 9,990.4 million as of 05 May 2023. The break-up of the foreign reserves position is as under: Foreign…
Uzma Siraj became a regional winner of the 2023 Cambridge Dedicated Teacher Awards.
Uzma Siraj from Future World School has been named the regional winner of Pakistan's 2023 Cambridge Dedicated Teacher Awards. Run by Cambridge University Press, the Cambridge Dedicated Teacher Awards is…
Political unrest continues to depress PSX today.
· Another negative session was recorded at the PSX today. The benchmark KSE-100 index opened in the red, continuing the momentum from the previous close after the arrest of the…
Workers’ remittances recorded an inflow of US$2.2 billion during April 2023.
Workers' remittances recorded an inflow of US$2.2 billion during April 2023. Regarding growth, during April 2023, workers' remittances decreased by 12.9 percent on m/m basis. Cumulatively, with an inflow of US$ 22.7 billion,…
Pakistan trade delegation visits Ghana
Ambassador of Pakistan to Ghana Farhat Ayesha hosted a dinner in honour of the Pakistani trade delegation visiting Ghana. The delegation is visiting the African country under the leadership of…
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